NVR, Inc. (NYSE:NVR) Sees Large Decline in Short Interest

NVR, Inc. (NYSE:NVR) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 67,900 shares, a decline of 5.2% from the May 30th total of 71,600 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is currently 2.8 days.

In other news, CEO Paul C. Saville sold 1,200 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $3,236.84, for a total value of $3,884,208.00. Following the completion of the transaction, the chief executive officer now owns 113,970 shares in the company, valued at $368,902,654.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra A. Jung purchased 70 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $3,285.00 per share, with a total value of $229,950.00. Following the purchase, the director now directly owns 95 shares of the company’s stock, valued at $312,075. The disclosure for this purchase can be found here. Insiders sold 25,320 shares of company stock valued at $83,126,269 in the last 90 days. Company insiders own 11.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NVR. Weaver Consulting Group bought a new stake in NVR during the first quarter valued at about $34,000. Howe & Rusling Inc. bought a new position in shares of NVR in the first quarter worth about $47,000. Penserra Capital Management LLC bought a new position in shares of NVR in the first quarter worth about $66,000. Cullen Frost Bankers Inc. bought a new position in shares of NVR in the first quarter worth about $69,000. Finally, Captrust Financial Advisors bought a new position in shares of NVR in the fourth quarter worth about $78,000. 79.29% of the stock is owned by institutional investors and hedge funds.

NYSE:NVR opened at $3,450.00 on Tuesday. The firm’s 50-day moving average is $3,356.45. NVR has a 52-week low of $2,040.71 and a 52-week high of $3,528.32. The company has a quick ratio of 2.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.64 and a beta of 0.66.

NVR (NYSE:NVR) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $47.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $34.45 by $13.19. NVR had a return on equity of 46.85% and a net margin of 11.45%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company posted $39.34 earnings per share. NVR’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that NVR will post 198.36 earnings per share for the current year.

NVR announced that its board has initiated a stock buyback plan on Thursday, May 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of analysts recently commented on the company. Evercore ISI assumed coverage on Helmerich & Payne in a research report on Thursday, June 6th. They set an “outperform” rating for the company. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Co assumed coverage on Deckers Outdoor in a research report on Tuesday, April 23rd. They set a “market perform” rating and a $163.00 price objective for the company. Finally, Buckingham Research upped their price objective on NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. NVR presently has an average rating of “Buy” and a consensus target price of $3,359.86.

About NVR

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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